EURO Future JUN18 (CME)Trading Signal
Short Position (EP) : 1.23780
Stop Loss (SL) : 1.23835
Take Profit (TP) : 1.23650, 1.23490
Description
E61! formed Double Repo Sell at 30m time frame. Trade setup with sell limit at 0.382 level (1.23780) and place stop loss at 0.618 level (1.23835). Once the position was hit, place take profit before an agreement (1.23650) and 1.23490
Money Management
Money in portfolio : $73,000
Risk Management (0.5%) : $365
Position Sizing
0.00005 = +-US$6.25
Commission fee = -$2.47/contract
EP to SL = 0.00055 = -$68.75/contract
Contract size to open = 5 contracts
EP to TP#1 = 0.00130 = +$162.5
EP to TP#2 = 0.00290 = +$362.5
Expected Result
Commission fee = -$4.94
Loss = -$343.75
Gain#1 = +$487.5
Gain#2 = +$725
Total Gain = +$1,212.5
Risk/Reward Ratio = 3.29